Reggie owns 3 acres of beautiful wooded land. When Reggie decides to move to be closer to his grandchildren, he donates the land to the state with the understanding that the land will be used as a state park. This state park is large enough that it is not congested. It is an example of a good that is elect one: a. both rival in consumption and excludable. O b. nonrival in consumption and excludable. O c. neither rival in consumption nor excludable. O d. rival in consumption and nonexcludable.

Reggie owns 3 acres of beautiful wooded land. When Reggie decides to move to be closer to his grandchildren, he donates the land to the state with the understanding that the land will be used as a state park. This state park is large enough that it is not congested. It is an example of a good that is elect one: a. both rival in consumption and excludable. O b. nonrival in consumption and excludable. O c. neither rival in consumption nor excludable. O d. rival in consumption and nonexcludable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer this for me mate. Much appreciated.